Skift Take
Booking Holdings is on a pre-Christmas buying spree after announcing two pending acquisitions, ETraveli Group and Getaroom, within two weeks. Both are mostly back-of-the-house acquisitions that will bolster Booking’s flight and hotels business.
Leaning into a growth area, flights, Booking Holdings announced it plans to acquire one of its flights partners, Etraveli Group, for around $1.83 billion (euro 1.63 billion).
ETraveli powers Booking.com’s nascent flights’ business, which is launched over the last two years. Accommodations-oriented since its founding, Booking.com, which is the parent company’s flagship brand, now has a flights’ offering in more than two dozen countries.
Booking Holdings said it reached the acquisition deal with funds managed by CVC Capital Partners. The acquisition is subject to customary regulatory approvals and closing conditions.
The acquisition marks Booking’s second in the past two weeks. Booking announced November…